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Cheraw, SC 29520

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Types of commercial coverage that most business can benefit from

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Owning your own business comes with an incredible amount of risk. Most small businesses fail within 10 years. The best protection you have is commercial insurance. At Ingram Insurance in Cheraw, SC, we know commercial insurance, and we are in a position to find the best policies to meet your needs. We can offer more choices, and we will match you up with the right coverage.

Important commercial coverage options

Commercial property insurance

It is an absolute necessity for any business to have commercial property insurance. Commercial property insurance covers the building if you own it, but that isn’t all it covers. It covers all the things that you need to do business. It can be tools, machines, office equipment, display units, inventory, raw materials, etc. With this insurance coverage, you will be able to get back into business quickly without having to lose a lot of income. 

Commercial liability coverage

Businesses get sued, it is the nature of being in business. It can be a dissatisfied customer, a disgruntled employee, or someone who gets injured while visiting your location or by a product you produce. If you are involved in legal action, it can be expensive for legal assistance as well as having to pay any judgment there might be against you. It could be enough to put you out of business if you don’t have the available cash to pay for it. 

Commercial auto insurance

If your business owns even one vehicle, you need to have commercial insurance. If you use a personal vehicle to transact business, your insurance may not cover you if you are in an accident. It isn’t worth the risk. 

Workers Compensation 

In South Carolina, if you have four employees or more, you must cover them with workers’ compensation insurance. 

Give Us A Call

Contact Ingram Insurance in Cheraw, SC when you are ready to get the coverage your business needs. 

What Types of Hazards Does Homeowners Insurance Commonly Not Cover?

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It’s important to secure the proper insurance for your property so that, in the event of an unforeseen circumstance, you may receive the reimbursement you need. Homeowners insurance is not a requirement under Cheraw, SC law, but your lender will usually require it until your balance is paid. 

What Types of Hazards Does Homeowners Insurance Commonly Not Cover?

Flooding is a common occurrence that can be devastating to your foundation and frame, creating vast water damage and eroding the structural integrity of your home. This hazard is one that was covered in decades past, but that became too expensive for insurance companies to continue including. 

There is now a national program that handles situations involving flooding, and your Ingram Insurance representative can help you obtain specific indemnification to protect against these events. Mudflow can also potentially fall under your flood insurance hazards. 

Earthquakes are another peril that will need its own separate dedicated policy, particularly if you live within the state of California. This is categorized under the movement of the earth and can also extend to situations like sinkholes.

Residents of other states besides California can sometimes purchase an add-on or an endorsement, but it is nevertheless a coverage type that cannot be assumed to be part of a standard homeowners policy.

Other problems that are usually exempt are overflowing sewage systems or sump pumps and malfunctions that occur due to owner neglect. Rot and mold as well as insects and pests, chewed wires, termite infestations, and rusting are, likewise, often outside the scope of coverage. 

Ingram Insurance Can Help You

We are specialized in providing superior insurance products and services to our clients, and we invite you to reach out to us by phone, internet or stop by the office to discuss your needs. Ingram Insurance serves those who live in and around Cheraw, SC. 

How to Choose the Best Auto Insurance for Your Hybrid or Electric Car

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Hybrid and electric cars are powered by electricity instead of gasoline or diesel. To get the best auto insurance for your hybrid or electric car, it’s essential to understand how these vehicles differ from gas-powered cars. Ingram Insurance in Cheraw, SC is here to assist with all related queries. 

Auto Insurance Options for Hybrid and Electric Cars

Although hybrid and electric cars differ in their makeup compared to gasoline-powered autos, each vehicle type requires auto insurance coverage according to their state’s legal requirements.

Below are four types of insurance coverage available for today’s high-technology vehicles:

  1. Liability Coverage – when SC drivers buy liability insurance, they are buying protection from lawsuits that may be filed because of an accident. For example, this coverage will pay for the costs of a lawsuit if someone is hurt due to your car crashing into theirs.
  2. Bodily Injury – includes injuries to people inside the car, such as passengers or drivers. This type of cover typically pays for medical expenses and other damages sustained by those involved in the crash.
  3. Property Damage – covers losses suffered when something inside or outside your car is damaged by an accident or the theft of items inside the vehicle.
  4. Comprehensive and Collision Coverage – protects drivers from all loss types, including those not caused by an accident and the costs associated with being involved in a crash, regardless of who was at fault.

Get Auto Insurance for Your Hybrid or Electric Car 

If you are in the market for auto insurance for your hybrid or electric car, Ingram Insurance can help! 

We offer a wide variety of policies to fit all budgets and needs, so you can be sure you’re getting the right coverage. Contact us today to learn more about auto insurance in Cheraw, SC.

The Difference Between General Liability and Professional Liability Insurance

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Are you interested in getting liability insurance? If you are, it’s important that you understand the difference between general liability and professional liability insurance. Knowing this will help you get the liability coverage that is right for you. We at Ingram Insurance, serving the greater Cheraw, SC community, want to help you make the right liability insurance choices. 

Here we break down the difference between general liability and professional liability insurance:

General Liability Insurance

To start off, liability insurance covers your company against liability risks. It provides you with protection against claims resulting from situations where you could be held liable.

As for general liability, it covers physical risks.

General liability helps cover:

  • Bodily injury claims 
  • Medical payments
  • Property damage
  • Reputational harm
  • Advertising errors

Therefore, most small business owners will benefit from general liability insurance coverage. It covers the common risks that may occur in business. 

Professional Liability Insurance

Professional liability insurance covers you if you’re found liable for the professional services you provide. This includes professional advice and contractual services. In addition, it will cover you against claims of negligence or misconduct. 

This includes:

  • Negligence
  • Bad advice
  • Delays
  • Errors
  • Loss or theft of service

The Main Difference

Basically, the main difference between these two liability coverages comes down to what is covered. While general liability covers physical risks, professional liability covers more abstract risks. 

Furthermore, professional liability covers your business from risks not covered by general liability insurance. Therefore, if your business provides contractual services or offers professional advice, you should consider professional liability. 

When choosing liability coverage, you need to consider your business services and needs. You want to protect your business in case of liability. 

Get The Right Coverage Today

Contact our team of insurance experts at Ingram Insurance in Cheraw, SC to find out more about general liability and professional liability. 

Does my home insurance cover hurricane damage?

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South Carolina regularly incurs hurricane damage and although Cheraw, SC lies 102 miles inland, the winds and rains of hurricanes still reach it. We just don’t incur the wrath of tidal surges.

Does my home insurance cover hurricane damage?

Your home insurance covers wind damage, but you may want to check your policy to ensure it provides enough coverage. Your policy protects your financial investment in your home by insuring it against damage from named perils, such as hail, fire, etc. This differs by state, so if you recently moved to South Carolina from a state that required a separate hurricane insurance policy, you only need your home policy in SC.

A hurricane includes wind, tidal surge (flood), rain, lightning, and frequent hail. Your home policy protects you financially against damage from all of those perils except the tidal surge flood. (That’s a rising water flood and only covered by flood insurance.)

The damage from a hurricane can include water damage though. Let’s say a tree gets struck by lightning and falls on your home. It knocks a hole in your roof that allows rain to enter. This type of water damage from a hurricane your home policy does cover.

At Ingram Insurance, we encourage home buyers about to become homeowners to buy their policy before June, when hurricane season begins. If you already own your home, think about increasing your insurance coverage before June, so you can better protect yourself financially through the hurricane season’s end in November.

Give Us A Call

Contact us at Ingram Insurance serving the Cheraw, SC area to learn more about hurricane coverage in your homeowners’ policy. We’re happy to answer your questions and help you obtain or update your home insurance so you can viably protect your financial investment in your home.

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